Risk Financing and Captives Articles

Latest Articles

Captives

Captive Structures

2002-04-01 | Michael R Mead

There are many different structures for a captive insurance company. Michael Mead discusses the most common structures and their potential uses.

Catastrophe Risk Management

Since September 11, risk managers have focused on man-made risk. However, Ron Hamburger explains the greater danger of natural catastrophes, particularly earthquakes, and how their risk should be assessed and handled.

Reinsurance

Sorting Out the Reinsurance Contract Morass

2002-03-01 | Larry Schiffer

Reinsurance terminology, like technical terms in other industries, seems unintelligible at first glance. In this article, Larry Schiffer defines the terms and their usage for the uninitiated.

Risk Financing Info

SPEs: A Post-"Enron" Perspective

2002-03-01 | Brent Clark

Brent Clark explains that special purpose entities/vehicles are not inherently evil but are a prevalent and potentially useful tool in modern corporate finance.

Reinsurance

If It Looks Like a Claim, and Sounds Like a Claim, Is It a Claim for Reinsurance Purposes?

2002-01-01 | Larry Schiffer

In this article, Larry Schiffer explains why a claim to an insurance company may not be a claim to a reinsurer, depending on the nature of the reinsurance provided.

Risk Financing Info

Financial Lines—The New ART Frontier

2001-12-01 | Brent Clark

Brent Clark explains how the blending of classic financial guarantee and surety markets with the alternative risk transfer ART field is resulting in the creation of a market willing to take a customized, problem solving approach to unique risk financing problems.

Reinsurance

Understanding Reinsurance Terminology—Follow-the-Fortunes

2001-10-01 | Larry Schiffer

Larry Schiffer explains this bedrock doctrine that exemplifies the unique business partnership between the reinsured and reinsurer.

Reinsurance

The Trouble with Giving Away the Pen

2001-06-01 | Larry Schiffer

Managing general agents have always been used to provide special expertise to insurance/reinsurance companies. However, they are often viewed negatively. Larry Schiffer discusses some of the problems that arise in a managing agency relationship and suggests viable solutions.

Reinsurance

Cut-Through Provisions in Reinsurance Agreements

2001-03-01 | Larry Schiffer

Larry Schiffer explains how cut-through endorsements are attached, triggered, and employed, and how they may be unenforceable in some jurisdictions.

Risk Financing Info

Commodity Price Insurance and FAS 133

2001-03-01 | Brent Clark

Brent Clark discusses how the new Financial Accounting Standard (FAS 133) affects the accounting treatment between derivatives and insurance when the risk is a CPR and how new alternative risk financing products may develop as a result.